If they are, I hope they double down and get burned in about 30 minutes all the way until tomorrow and then some when new upgrades are released.
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If they are, I hope they double down and get burned in about 30 minutes all the way until tomorrow and then some when new upgrades are released.
Runarbt
Active Member
dandurston
Member
SeekingAlpha super-bear Montana Skeptic had this to say before the ER:
"Customer deposits as of June 30, 2016 were $680 million. So, if the September 30 number is greater than $681 million, we can surmise a likely increase in Model 3 net deposits. And, if it's less, we can surmise a likely decrease.Given all the play in the joints with the customer deposits definition, I would feel reasonably confident surmising a net increase in Model 3 deposits only if the September 30 number is above $700 million, and surmising a net decrease only if the number is below $660 million."
So he'd probably conclude they're about the same with some evidence of a small increase.
A more bullish view would be to recognize that a lot of Signature X's were delivered in Q3 in international markets, wiping $40g/car off the deposits balance, so the fact the deposits have still increased by 10 million is pretty good evidence of a decent jump....maybe 400k net reservations.
I'm sure there's more nuance to it than this that's over my head.
FredTMC
Model S VIN #4925
Yeah that Ben Kallo/James Albertine interview was a beautiful thing to watch live.
As soon as CNBC have turned it into a video clip I am sure the link will be here
Were they "defending" TSLA? Hope so...
I don't actually know anything, but they're building out the new production lines for Model 3, so there's probably a lot of machinery arriving with payment not due until they're tested. Maybe also building parts inventories.
There are a few million shares available to short, but there are about 13 million shares actually shorted (from memory). So for every new short wanting to jump in, there are about 7 old shorts starting to panic. I'm not worried about that.
mmd
Active Member
jesselivenmore said:
Yeah, these kind of silly comments may make you feel happy and smart. But the truth is, many shorts have made good money shorting the pops in TSLA. If this result is not repeatable, shorts aren't going to be swayed much.
FredTMC
Model S VIN #4925
Good catch. That probably does mean the 5-seat version of the Model X will start shipping. Does it have folding seats? Who knows. But we can hope.
Clprenz
Member
accounts payable decreased on a per vehicle level, its hard to remember that they produced like 75% more vehicles
I am Long TSLA and I think the results are great to show where the company could be without a huge growth trajectory. Having said that, the 600MM increase to AP is probably mostly to do with the CapEx, which they estimated at ~$1B for Q4. This may be a small profit but next quarter is a massive loss. Sell roughly the same cars, remove another 750MM in capex and 130M in ZEV and you get a loss of 850MM at least, which I understand am ok with.
In my opinion, the biggest positive item is the SG&A expenses barely moving compared to sales volume. As long as the 600MM in AP is not related to SG&A expenses this is a huge sign of Tesla turning the corner on efficiency.
In my opinion, the biggest positive item is the SG&A expenses barely moving compared to sales volume. As long as the 600MM in AP is not related to SG&A expenses this is a huge sign of Tesla turning the corner on efficiency.
Gtoffo
Member
Campari soda on ice....first time since 2013.... been a long time coming.
Mario Kadastik
Active Member
CapEx isn't loss. It's negative free cashflow, that's true, but capex shows up in the balance sheet as assets so not a loss
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